China Just Handed Us a Bitcoin Buying Opportunity

2017-09-26“The lesson from the internet is, anything that China bans, invest in it.”

Nick’s Note: Today, my friend, colleague, and cryptocurrency expert Greg Wilson tells us why China’s recent crackdown is a buying opportunity for bitcoin. As Greg points out, this is not the first time China has tried to regulate a financial sector… And every time it does, there’s a huge drop followed by a big rally…

Gong Yi Feng kept checking his phone. He couldn’t believe his eyes.

His portfolio losses now topped $30,000.

Retired, and with most of his assets in the stock market, Mr. Gong was naturally worried.

For nearly three years, it had been smooth sailing. The Shanghai Index had risen 127% during that time.

But in July 2015, regulators pricked the bubble.

During that time, China’s stock market was experiencing a margin lending-fueled bubble. Margin lending is a process in which brokerages lend money to customers so they can buy more stocks.

A Temporary Pause

China’s new regulations haven’t been the death of any of these industries. And it won’t be the death of bitcoin or cryptocurrencies.

Based on history, it’s the opposite. China has given us a big buying opportunity.

It reminds me of a quote from Fred Wilson, a partner at venture capital firm Union Square Ventures. And mind you, he said this in 2014.

The lesson from the internet is, anything that China bans, invest in it.

China is going to be a massive force in the growth of bitcoin and cryptocurrencies. The recent regulation doesn’t change that.

Use this sell-off to buy bitcoin now.

Editor’s Note: Our colleague Teeka Tiwari has one of the best crypto track records in the industry. One of his plays even skyrocketed 27,166% in just six months. And now, he believes we’re on the brink of another crypto “mega boom”… one that could hand everyday folks even bigger gains than the first one.

P.S. My colleague Teeka Tiwari has one of the best crypto track records in the industry. One of his plays even skyrocketed 27,166% in just six months. And now, he believes we’re on the brink of another crypto “mega boom”… one that could hand everyday folks even bigger gains than the first one.